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of a movie. it was unreal. >> dalia's defense seemed unreal, too. was the whole thing a hoax? >> the plot was never real. mike hoped to capture the attention of someone in reality tv. >> when "dateline" continues. be positive, yet firm. we need to leave our contract plan and make the move to net10 wireless. what??? oh nice, let's just have our calls drop all the time. net10 uses the same cell towers as the top carriers, but for half of what we pay now. half? don't worry. confusion is normal. but, i... it's better this way. but what if... what if... shhh... welcome to the next generation of family plans. fifty dollars the first line, 40 dollars each new line with unlimited everything. visit net10wireless.com that's right. so it's like i won. sure. oh my gosh i won!!! i won!!! [ male announcer ] get a $100 walmart gift card when you buy any android or windows 8 smartphone. through december 1st. from america's gift headquarters. walmart. hmm, we need a new game. ♪ that'll save the day. ♪ so will bounty select-a-size. it's the smaller powerful sheet. the only one with trap + lock technolo
of the defense spending cuts and we're not going to fold the debt ceiling increase into this deal, and i think the white house was very taken aback by the meagerness of that offer. and so there's a different tone. but if the substance is going to be enough and the time is short, it's really going to be complicated to get this done by the end of the year. >> mosark, if the debt ceiling not wrapped up, the president is not going for it. he does not want to face this twice. >> it's impossible to imagine, that's such a key piece for the white house, just not to have this fight again. it's going to have to be a joint whip operation in the house. i think there will be a period from the time there's a deal amongst the leaders in the bipartisan leadership in the white house, there will be a period from then until it gets passage in the house that will look like where are the votes going to possibly come from. but if stan hoyer and john boehner are willing to do a deal that they can both support, i think they can get to a majority in the house. the key -- the real trick is the two-part thing or maybe t
it again. the defense department's five biggest contractors have been raising cash holdings by a whopping 70% in the last quarter. should they be this worried? we're going to speak with a couple of defense analysts in the back half of the program. >> also, do house speaker john boehner's constituents think he's doing enough to avert the looming crisis? we're going to hear from chief washington correspondent john harwood who is just back from a trip from his home state of ohio. >>> up next, though, fallout from last week's autonomy mess mounteding. hewlett-packard's ceo and former hp head all sued by a shareholder for alleged fraud. it's getting ugly out there. we're going to speak with a lawyer gearing up to represent other hp plaintiffs when we come back. [ male announcer ] if you suffer from heartburn 2 or more days a week, why use temporary treatments when you can prevent the acid that's causing it with prevacid24hr. with one pill prevacid24hr works at the source to prevent the acid that causes frequent heartburn all day and all night. and with new prevacid24hr perks, you can earn rewa
is essentially acting in self-defense. >> self-defense, which would be true if he were the president of nicaragua. but as president of the united states of america, president reagan even after the huge victory could not convince the united states of america that waging war in nicaragua would actually be self-defense. it would be in our self-interest. so president reagan when he couldn't persuade the country, instead he would wage the war in secret. that secret war in central america led to the huge second term failure of the ronald reagan presidency, which was the iran contra affair. it's amazing that in that scandal he avoided impeachment. 14 administration officials up to and including the defense secretary were indicted. the only reason most of them staid out of prison is because poppy bush pardoned them. it was a disaster. that was ronald reagan's second term after he got reelected with a map that looked like this. when fdr got reelected to his second term, the map was almost the exact opposite. this was 1936. fdr did better than reagan. he got 523 electoral votes. his opponent got 8 electora
's national defense headquarters. a spokesman for the israeli prime minister benjamin netanyahu says this is a terrorist act. this as 100 israeli air strikes have killed more than 27 palestinians. the death toll in eight days there up to 137. the secretary of state hillary clinton is finishing up those direct talks this morning with the palestinian authority president mahmoud abbas. that's happening in ramallah on the west bank. and netanyahu, the prime minister, in jerusalem, another conversation she's having. now she goes to cairo where she's meeting with the egyptian president mursi. mrs. clinton making it clear that she is not interested in a quick fix in gaza. >> the goal must be a durable outcome that promotes regional stability, and advances the security and legitimate aspirations of israelis and palestinians alike. >> cnn reporters flanking the middle east today to bring you the most comprehensive coverage of the crisis in gaza and in jerusalem and in israel. ben wedeman is in gaza city. frederick pleitgen is in ashkelon city. we begin with sara sidner at the scene of that bu
. this is about defense cuts, discretionary spending, and it's about tax cuts. only if the democrats agree to bring in the programs for the elderly and poor and middle class would they become part of the discussion. and there's a strong faction among democrats who are saying do not do that. you know, social security is not part of this problem. so it should not be part of the discussion. harry reid, in fact, has been extremely firm on that. he said i will not be part of discussions that include social security as part of this bargain. so if they stick to that, then they won't be. >> yeah, there's so many moving pieces. susan, today, the president's going to meet with small business owners. friday he's going to montgomery, pennsylvania, to visit a small business that will be impacted. very campaign like stuff. what's he trying to do here? >> yeah, who is he not meeting with this week? that would be congressional -- that would be members of congress, especially those house republicans would be the critical partners on this. so he's trying to take a very different approach than he took in the
of their loved one if that's really true. >> defense attorney klapp argued that karen's killer must have been drenched in blood after such an attack. and there was no forensic evidence to show his client was that person. >> in order to buy the state's case, you have to make assumption upon assumption upon assumption. that's not what our system is about. >> how did i do it? how on earth did not one single drop of blood get on my clothing, anything like that? >> or in your car which was ripped apart. >> right. that's why i agreed to let them look. get what you want. because i knew i was innocent. >> the defense also tore into the credibility of the state's star witness, george solomon. saying it was ridiculous to think tim would get an invitation to stay with him after blurting out a murder confession. >> hey, i killed somebody just now or whatever. oh, really? okay. come on let's go see my wife and kids. no way. >> a confident tim permenter decided to speak directly to the jury. he took he stand in his own defense. >> he attitude was, look, you've got to get up here and talk to these people. >
critics. her day one defense of her response in the benghazi attack and fence mending efforts to put it bluntly didn't go so well. >> we are significantly troubled by many of the answers that we got and some that we didn't get. bottom line, i'm more disturbed now than i was before. >> i want to say that i'm more troubled today. >> i'm told the meeting itself didn't go as badly as it sounded there. that said graham compared rice to john bolton who democrats blocked after bush nominated him to be u.n. ambassador. remember, he ended up being a recess appointment. asked by defense news whether he'll put a hold on rice's nomination if she is appointed graham said, quote, oh, absolutely. i would place a hold on anybody who wanted to be promoted to any job who had a role in the benghazi situation. now rice clearly did not have the day the white house envisioned. the question is whether her outreach went so badly that it somehow scares the president and the white house and they decide it's not worth the heavy lift to nominate her. ultimately everyone believes rice is confirmable. the questio
lieberman didn't see eye to eye with the defense minister who was leaning towards accepting this draft proposal sent by hamas via the egyptian government. so once it was clear that those efforts had sort of run into a brick wall, we saw an intensification of israeli air strikes and of course rocket fire out of gaza as well. one of the rockets, rather, one of the air strikes hit very close to the hotel where many journalists are staying right on the coast right next to the gaza city beach. now most recently within the last hour the house of a senior adviser to hamas, prime minister ishmael hamiya was hit and killed. as you mentioned, the death toll has now reached 139 according to palestinian medical sources. at the moment, it's relatively quiet, but unless there's real progress broke towards a cease-fire, we may just slip back into this exchange of fire that we have been seeing now for eight days. >> at the moment it's quiet. let me ask you, though, about the leaflets that are dropped from the sky from israel to basically warn civilians in gaza as a heads-up. look, we are sending a mis
her defense but says he's open to today's meeting. >> she asked to meet with us, and i will listen to what she has to say about her role in benghazi, but i can tell you this. the more i know about benghazi, the more upset i am that the consulate was even open on september 11th. when you look at the history and the reporting coming out of libya about the dangers, it should never have been open or heavily reinforced. after the attack, i think the story we were told about a spontaneous event caused by video where a mob turned into a riot is less credible than ever. >> smart of her to call the meeting. acting cia director michael morrell will accompany rice during today's meeting, fueling speculation that the ambassador is topping president obama's list to replace secretary of state clinton. some say the president could announce his choice this week. >> i'm still holding out. i think it may be jill kelley who gets the nod. >>> a new report says the assad regime received help from russia as international sanctions are beginning to cripple the syrian economy. eight round-trip flights bet
to mark hurd's defense so quickly? >> what a spectacular job he did over that five-year period at hp. you can look at the results. it's a little like looking at the apple results. hp without mark hurd, hp with mark hurd, hp without mark hurd. >> and the stock just kept going lower there. >> it did. what a story. only two years, bill. so is larry ellison right? did it all go wrong since mark hurd was forced out? herb, you say the company did take a turn for the worst after mark hurd left. he was a better salesperson and better at execution. is that what you're saying? >> shaw. >> no, we think so. at the end of the day, they are selling commodity products, but there's nothing wrong with that. you just have to be run well. if you look at since then, they haven't been run well. we think that's an issue. also, having a strong sales force, strong personality in terms of convincing your own employees, this terms of convincing customers, we think those are things that are no longer there. we think, frankly, have made life difficult for hp. >> herb, you disagree. you think the company's problems w
're given time to get used to it. let's talk about defense cuts. this, too, is an area, as mr. bowles says, we spend more on defense then the next 16, 17 countries combined. what defense program would you be willing to see cut. i know there are sensitive issues in your state about the nuclear arsenal there, even some transport planes that the air force would say we can do without but you support? what would you see cut there? >> i think we can look at some of our overseas bases and some of those kinds of things. i think there are areas we can find savings. but remember under the budget control act we've already reduced spending on the military by half a trillion dollars which is why i don't see the sequestration. i think we can find savings in a good, solid, sound prudent way but let's prioritize, whether it is the military or anything else. again we've already made a commitment to reductions in the military through the budget control act. >> let's talk a little bit about revenues. one of the guys lo's at the heart of this whole debate is a man named grover norquist. did you sign the grove
secretary of defense instead, i say woe be unto any feasible rival for that gig. somebody who might get that cabinet position ahead of him too. which republicans would please like to happen. and you know what? maybe this is nuts. maybe this is nuts. maybe this is why to simplistic. but maybe this makes more sense than the contention we're supposed to believe, which is that two active investigations, multiple briefings, a statement from the president, a statement from the u.n. ambassador, a closed-door, one-on-one meeting with that ambassador and with the director of the cia have not given john mccain enough opportunity to ask whatever questions he wants to ask about remarks made on a sunday morning talk show two and a half months ago. maybe this makes more sense than that. joining us is somebody more level headed, andrea mitchell, host of "andrea mitchell reports." thank you for being here. >> i love your theories it makes as much sense as anything happening in washington about this potential nomination. >> i wanted you to be here in part because. i knew you would debunk my theory. whic
death of a teenager with the gunman claiming self-defense now. >>> back on the hill, u.n. ambassador susan rice trying again today to win over republican lawmakers after round one leaves three of them unconvinced. good morning. welcome to "early start." i'm christie romans in for john on assignment. >> i'm zoraida sambolin. 5:00 a.m. on the east. half a million bucks, what do you think? are you in yet? the powerball jackpot tonight is the second largest in lottery history. that's a lot of office pools. we are in on it over here and have defied serious odds to get here. 16 consecutive powerball rollovers without a winner yet. and that streak is likely to end really soon. a lottery official calculates a 5% chance no one will win tonight if sales spike as they are expected to. and if you do happen to win the cash value of the jackpot, it now stands at 324 million dollars. but time for a quick reality check, your odds of winning are 175 million to 1. alison kosik closely monitoring powerball fever is live from new york's times square this morning. the odds are not good but the fever is r
it would only be used defensively. but i see this conflict in some ways migrating towards turkey. today we had thousands of people -- >> last thing turkey wants. >> well, know, it is what is happening because some of the aid for the rebels is coming through there. they now have bases with these patriot missile batteries used to protect the rebel bases there inside syria, but on the border with turkey. got the russians with a warship in the mediterranean. the u.s. has warships in the mediterranean. all of this says to us that this situation is coming to a peak or least our military and intelligence leaders think it is coming to a peak. you have two task forces there and both of them are saying, the americans are saying we are doing this in case we have to evacuate our civilians and the russians are saying exactly the same thing. >> something has to happen. jim clancy, thank you. >>> he was on the run for 14 years. until now. how the feds just caught one of america's most wanted fugitives. >>> plus, not even a week after the cease-fire with hamas, one of israel's leaders calling it quits now
. >> the iron dome, israel's missile defense system is working phenomenally. many of its rockets, because of this iron dome, are not hitting their targets. could we see more attacks on the streets by terrorists, like in this bus attack? >> that's true, iron dome is an amazing success story, first anti-rocket device in history to actually work in warfare. we've taken down about 90% of the terrorist rockets that would have hit in our cities. they're going to hit outside the cities. and, yes, the terrorists will try anything to get at our civili civilians. we've seen it before. many, many bus bombings like this. we've all lost friends. i've lost a close family member in those bus bombings. they're very, very close for us. >> do activievents like this complicate secretary hillary clinton's efforts? >> they certainly don't help. where terrorists in gaza cannot open fire on us every week and paralyze half the country when they will. also the goal is to prevent iran from smuggling advanced weaponry and rockets into gaza that the terrorists then fire at our civilian. >> israeli ambassador to the
was intercepted by the iron dome missile defense system. if everything remains this relatively quiet until 2:00 eastern this afternoon, the gaza border crossings will open. rallies opened in the streets as they celebrated what they call a victory over israel. the prime minister says he's dedicated the victory to that man, ahmed al ja'abari, killed in that air strike. as you know, that air strike inciting the fighting. hopeful that the cease fire will hold? >> reporter: the longer it does hold, as each hour goes by, people do grow more hopeful it will, in fact, be sustained. people are very aware that at this point in time it is still a very short-term solution as the looming issue of a long-lasting peace deal does still remain elusive. for the first time since this all began last wednesday, we are not seeing deserted streets in gaza. we're not hearing air strikes, various artillery rockets being fired in the distance, not hearing the wail of sirens. quite the contrary. people were in the streets since the cease fire was first announced last night. earlier, after midday prayers, chanting for
to government spending could impact public safety. >> i think you should be worried if you have a defense job and we all ought to be worried whether we are dependent upon other aspects of the federal budget. whether we're worried about the regulation of our food safety, whether we're worried about our borders being secure, whether we're worried about fbi being supported, it's all affected by sequestration. >> joining me now, cnbc washington reporter eamon javers. you heard the numbers we just ran down. what is the short-term tangible consequence if we don't get action on the fiscal cliff. >> cote is right, it does cause uncertainly. life is uncertain and so they know that there's going to be this issue and that washington is going to wrestle with it. in the short term, the very short term, i think actually some of the hype around the fiscal cliff is a little overblown, particularly because the first couple of days or week or so after we go over the fiscal cliff we won't see all that many impacts. all these tax and spending impacts take months to go into effect. it doesn't impact the economy u
instead. >> everybody talks about the defense warnings the president came up with are colossal. is that not enough to assuage republicans? are they really focusing on the entitlement? the three, big three entitlement reforms? >> everybody knows if they're honest you need three things to get a deal done. you need spending cuts. you need tax revenue increases. and you need entitlement reform. and so this is where -- whether it's bowles-simpson, except for the professional activists -- >> do you call them wing nuts, or are they beyond wing nuts? >> wing nuts is a specialized term for a kind of crazy. these are more hard-core activists and ideologues. they're the problem in t washington. >> people say this will come down to two people -- obama and boehner and whether they can get their ducklings to follow them. >> herding the cats question. boehner's hand is strengthened after this election. republicans need to understand that that ideological obstructionism was rejected by the electorate. president obama is a stronger position in to see get the deal done. may look a lot like what
the last couple of months. republicans are on the defensive. they are backing away from grover and i think that is increasing the likelihood that we're going to get a deal. >> never thought the phrase butt fumble would be uttered on cnbc. leave it to harwood. >> especially from john harwood. but you never know. you never know. >>> meantime, ty, state attorneys general have sounded the fiscal cliff alarm this well. 43 ags have sent a letter to congressional leadership's urging them to extend the tax relief on the mortgage debt forgiveness. diana olick has the letter and she joins us with washington with more of the details on that. hi, diana. >> sue, you're right. five largest banks in this nation have already wiped out more than $6 billion of mortgage principle debt for thousands of borrowers under that giant mortgage settle many that just went into effect early this year. they've also wiped out according to the monitor of the settlement more than $13 billion worth of debt involved in short sales. that, say the nation's state attorney general provide rerelief to homeowners trying to get ba
and choppiness of it, think about how you can maybe shift your portfolio and be more defensive. >> so, give me -- is that one of the reasons why perhaps utilities are bouncing recently, because people are looking for that safety and also the yields, of course? >> exactly. you look at the dividend yield, utilities or tell come, clearly with interest rates this low where are investors going? utilities, telecom, into mlps, high yield emerging market debt, all these areas will continue to be in a bid. what i think of from a sector allocation standpoint, what i think the next month and a half in the markets, i think of the lower beta areas, utilities and telecom one of them. >> what would you stay away from? >> i luook what is going on in europe, see big steps in that right direction. >> >> bob pisani loved the greece deal. >> a great deal. i like the idea of going to the troy ka and ask them to reinnocent mortgage. >> how much of a typical portfolio do you think you would allocate into high-yield asset? >> ultimately depends on the individual investors and how they view sort of risk and what their
that. >> why do you think that is? >> they're feeling very defensive now, and so, like, i can only assume that that is the reason why they declined. >> the banks are defensive because all 50 state attorneys general want to punish them. the states are seeking about $20 billion in damages for what they say is the irresponsible, perhaps criminal way that some mortgage companies handled what is, for most folks, the most important investment of their lives. >> in march 2012, the us government, 49 state attorneys general, and the nation's five largest mortgage lenders announced a $25 billion agreement over alleged foreclosure abuses and asked a federal judge to approve the plan. as part of that settlement, lynn szymoniak, who filed a whistle-blower lawsuit on behalf of the federal government, will receive $18 million. [ticking] coming up, the complex financial instrument that helped down the u.s. economy. >> the idea that you could lend money to someone who couldn't pay it back is not an inherently attractive idea to the layman, right? however, it seemed to fly with people who were makin
" 2, $64 million. let's see if we can get one past the defense. hut! go! here it comes! right on the numbers! boom! get it! spin! oh, nice hands! chest bump. ugh! good job, man. nice! okay, halftime. now, this is my favorite play. oh! i'm wide open. oh, fumble. fumble. don't want to fumble any of these. [ male announcer ] share what you love, with who you love. kellogg's frosted flakes. it's up... and it's good! good?! they're grrreat! >>> campaign just ended and republicans are looking to head off problem candidacies. i guess they learned the lessons of todd akin. joining me is the executive editor of the national journal hot line. your new article outlines five key areas republicans are focusing on. i want to go through them. start with what's going on in virginia, nominating a romney-ryan that c republican to appeal to the rising virginia electorate. what do you mean. >> you have a nomination battle between two republicans. cuccinelli is the favorite, a convention of the biggest die hard activists that will choose the nominee and the big challenge if the does become the nom
, and they say, quote, they bear a fair amount of scrutiny at least according to one defense official. ecipe from stouffer's starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that moment you enjoy it at home. stouffer's. let's fix dinner. for the latest smartphone. you wanna see if walmart has the same phone, for less? let's see! samsung galaxy s3 --- you could save over $50. no way! and -- you get a $100 gift card. are you serious?! yes! see for yourself how much you can save on the smartphones you want for christmas. walmart. >>> this is another potentially important day for u.s. ambassador susan rice. she's on capitol hill defending her response to the benghazi attack to maine senator susan collins. rice is said to be the president's top pick to replace secretary of state hillary clinton, but she failed to win over her sharpest gop critics yesterday. >> we are significantly troubled by many of the answers that we got and some that we didn't get. >> clearly the impression that was given
more territory. it wasn't to take regimes. our operation was purely defensive. our goal was to protect our people so that the population of southern israel would not have to live in daily fear. i hope, i hope, that these understandings rich with egypt and with the united states as well and we should thank the american government will hold and that we get peace. that is good for israel and also good for gaza. >> thank you very much for joining me. >> my pleasure, sir. >> he joins me now, welcome to you, sir. how much of a concern is it to you, that hamas had nothing to do with this cease fire. >> palestine and the question is not the issue. gaza is part of the palestinian people. and the question of leadership, it is authentic. people elected leader but if the americans try to divert the attention of the central issue of how to go about controlling one party or another, this would be a great mistake to peace in the region >> are you concerned that all the dealings here appear to be have been done directly with hamas and not with a wider group? >> president was not absent from the negoti
a week or two ago. >> reporter: israel has multiple defenses now. iron dome batteries can strike roux launched 45 miles away. its longer-range arrow missiles can detect targets 300 miles away. it's designed to go squarely after a ballistic missile attack from iran. a new weapon called david's sling falls right between. able to hit missiles and rockets fired from to 150 miles away like a threat coming out of hezbollah targets in lebanon. so long the supply question is out there, as long as rockets and missiles keep getting smuggled into gaza the question of when there might be some real permanent end to hostilities still remains very much, of course, wolf, an open question. wolf. >> certainly does, barbara. thanks very much for that report. once again, we're following what's going on in cairo right now. we'll update ow the secretary of state hillary clinton. she's meeting with the egyptian president mow morsi. will there be a cease-fire or not? [ male announcer ] can a car be built around a state of mind? ♪ announcing the all-new 2013 malibu from chevrolet. ♪ with a remarkable new
. >> they lost their key defense chief also. there was another player the past few days. mohamed morsi. he's largely credited by the u.s. for helping the ceasefire happen. he did something extraordinary overnight. he gave himself some new administrative powers which makes all his rulings immune from any kind of legal challenges. some people are saying this is just the next step of becoming more of a dictator here. was he taking advantage of the situation? >> well, we'll have to watch this closely. it appears the timing is curious. he's gotten the support and this bump particularly for his role in mediating the ceasefire from the united states and from others. he's seen as emerging stronger from this. this goes back to a time when egypt was appointed by mubarak and a check on the executive branch. what he said this is temporary. until the have a constitution, a temporary step. so we'll have to see if anything looks like it's being put into place permanently, could be a big problem for democracy. >> thanks to stuart holliday from the united nations. hmm, it says here that cheerios helps lowe
treating patients on high defense painkillers, she found something surprising. not only with those patients not getting pain relief but the painkillers were, in fact, doing something that could best be described as the opposite, making patients more sensitive to pain. it's called hyperalgesia. so, more pain medications ultimately meant more pain. and that, of course, means, well, even more pain medications. it's easy to see the problem. >> the hyperalgesia was so obvious in those patients that you could, for example, see that they couldn't bear the sheet on them or any intravenous stick was abnormally painful to them. >> you said that this has essentially been 20 years of failed experiment and that not many people are sort of supporting this anymore except for the die-hazard -- die-hards and the pharmaceutical industry? >> i would never suggest that we shouldn't continue to prescribe for those that are really helped by opiates, people who have a real need, but the way we do at the moment is actually harming more patients than it helps. >> it's the mcdonald's phenomenon. you can go to the em
one past the defense. hut! go! here it comes! right on the numbers! boom! get it! spin! oh, nice hands! chest bump. ugh! good job, man. nice! okay, halftime. now, this is my favorite play. oh! i'm wide open. oh, fumble. fumble. don't want to fumble any of these. [ male announcer ] share what you love, with who you love. kellogg's frosted flakes. it's up... and it's good! good?! they're grrreat! with his wife, danielle, almost every weekend. derrell hasn't been able to visit his mom back east in a long time. [ shirley ] things are sometimes a little tight around the house. i wasn't able to go to the wedding. [ emily jo ] since derrell couldn't get home, we decided to bring home to him and then just gave him a little bit of help finding his way. ♪ [ laughs ] [ applause ] i love you. i love you, too. i love you. when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and c
, as you probably know i'm completely against war. i believe in self-defense. i believe if you get hit, you hit back. preemptive wars i don't believe in. i don't think they're necessary. i think wars are started to make money. they make money for the people who start a war over here and a war over there and sell bombs to both sides. >> when you look at what happens in the middle east in my lifetime i can remember, pretty much most of yours. do you see any hope there or any chance of actually peace in the middle east? >> if you believe in the bible, it says two things. it says there will always be wars and rumors of wars. it also says for a thousand years somewhere in the future we have peace. so hopefully those thousand years are coming up on us. >> were you pleased barack obama got re-elected? >> i'm glad he got re-elected. i think he has a lot of things in his favor, the things that he has ran on. the women all believe in the things that he's talking about. the blacks and the hispanics and the women and if you have those three things on your side, you're going to win. >> would you categor
' defensive tackle may not get off scot-free. [ male announcer ] a european-inspired suspension, but it's not from germany. ♪ a powerful, fuel-efficient engine, but it's not from japan. ♪ it's a car like no other... from a place like nother. introducing the all-w 2013hevrolet malibu, our greatest malibu ever. ♪ >>> "talk back" question -- should susan rice be considered for secretary of state? from debbie -- no, it would be a stupid distraction. while we have so many other issues facing our country. fiscal cliff, anyone? oh, that's right, that's how politics works. from jason -- senator mccain served honorably in vietnam, surviving what many could not. i believe he is exhausting the credibility he has with the american people through his nasty, unfounded remarks on ambassador rice. this from rick -- i have a better question -- what makes her unqualified? from michael -- if she simply repeated talking points provided to her, she should not be faulted. on the other hand, if she deliberately stated known facts, she should be disqualified for higher office. keep the conversation going
substantial cuts to discretionary non-defense spending, over $1 trillion, it includes revenue and includes $340 billion in savings from our health care entitlement programs. >> fairly unequivocal, isn't it? it's a mixture of pretty substantial spending cuts and tax increases. >> we haven't seen the plan. i haven't seen the plan. i don't think the speaker -- >> are you accusing the president of lying? is the president lying? >> where is the plan? >> is he lying? >> i don't think the plan's out there. i think jay carney might be but i don't see the plan. maybe they have a plan. >> jay carney is lying and he's the white house spokesman. >> no. >> they're lying, are they? >> i'm not saying that. piers, maybe they've got -- >> you just did. you just called him a liar. >> they haven't shared the plan with the american people. paul ryan and the republicans in congress have passed twice now and last year -- excuse me, two years ago as well, a ten year plan for a budget that deals with the ten-year debt window, that deals with the deficits, that deals with entitlement reform. we have done that time
't graduate because i had so many parking tickets, but in my defense, i worked for the campus radio show, i had to cover breaking news. i was always busy. >> on campus. >> yeah, stuff happening. i'd leave the car and come back and shove it in the glove compartment. >> ultimately, you have to pay or they won't give you your diploma, which i learned. >> which you didn't learn. >> i repeat my behavior. i have a problem. when i got to new orleans, i did the same thing. i used to live in the french quarter. you'd take a padlock for your parking space and lock it behind you. it was like old-fashioned. i would get off work so late, i was scared. i didn't want to go in there 11:00 at night. >> yeah. >> in the quarter, still, you never know. i would parallel park and block my own parking place. >> which you would think would be perfectly fine because your own parking place. no, i got tickets every single day. i said this is my spot i'm blocking. they said, too bad. so i paid a portion. >>> all righty, we got to try this. you know, since last friday we've been saying. >> what is it? >> something infu
intelligence, they rushed to her defense, and said, don't rush to judgment on this. and now all of a sudden they want to rush to judgment without hearing any of the facts. and the bottom line here is that she wasn't even responsible for the security of that embassy. >> tara, great to have you with us. bob shrum, appreciate your time tonight. >> happy turkey day. >> that's exactly what it's going to be. that and a lot of football. >>> there's a lot more coming up in the next half hour of "the ed show." stay with us. >> it's a lot easier to vote in ohio than it is in most states. >> the republican effort to block the vote in 2012 was a complete failure, so they're getting a leg up on 2016 with some new tricks. ohio state senator nina turner weighs in text. >>> tom turkey won't be the only thing full of stuffing tomorrow. comedian barratunde thurston will tell us how to talk to right-wing relatives over the turkey. >>> and the winningest coach in college football history is hanging it up. we'll bring you the heart-warming story of st. john's coach, john gad leagery. >> hard for me to believe,
was not to take territory or change regimes or something grandiose like that. our operation was purely defensive. our goal was to protect our people so that the population of southern israel would not have to live in daily fear of an incoming rocket. we didn't want this operation. it was forced upon us by hamas' aggressive action. i hope that these understandings reach with egypt and the good office of the united states as well. and we should thank the american government will hold and we get peace. that's good for israel. that's also good for gaza. >> mark regev, thank you for joining me. >> my pleasure, sir. >> i want to turn to the other side. welcome to you, sir. how much of a concern is it to you that abas had very little to do with this cease-fire being broken? in fact, nothing, we understand. >> no, i hope the americans will not fall into another mistake. palestine and the palestine question is indivisible. gaza is part of the palestinian territory. they are part of the palestinian people. and the question of palestinian leadership is authentic. the people elected the leader of the palest
are running ads, don't cut medicare and medicaid. at the same time the defense industry, manufacturers, they're lobbying against cuts. afraid jobs will be lost for the people who make the weapons. the list goes on and on. so how does this shape a potential deal? >> well, there's pressure from both sides. negotiators in congress right now from both parties are trying to find a way to avoid the cliff. that could be a temporary way to do that and come back over tax reform next year. i think what the signs are that the president wants to raise tax rates on the wealthiest 2% of earners, a balanced approach, but the republican party is saying, hey, wait a minute. let's close tax loopholes, close deductions. that's a better way. so i think they are looking for are a path down the middle. >> doug, try to reconcile all of this. you have "the washington post" which highlighted the number of polls showing people want smaller government but they don't want cuts in any of the entitlement programs. they do want the deficit cuts. you can't have it all, right? >> right. well, if you look at the exit polling
defense risk assets. dividend payers, technology, even overseas, emerging markets. china looks like it's finally starting to recover because the bottom line is, even if we don't go over the fiscal cliff, we'll still have a very, very slow growth environment for a period of time. you have to hedge both sides. don't get too optimistic but don't escape from the market completely because you could miss a rally up. >> mary, this dominates trading, doesn't it, the discussion about fiscal cliff? how much is it driving averages on every given day? >> it does. if you read the notes, you talk to traders, it's one of the first things they talk about every day. any headline you see about it, that's going to affect trading. as a result, just as a lot of our guests have been saying, a number of people are expecting volatility to increase as we get closer and closer to that deadline. that being said it appears fewer investors are taking a risk in the market. as of today, like last week, we're seeing very light volume. well below averages of 3.5 billion shares. it looks like investors may be waiting o
the cliff, it doesn't just affect defense spending. corporate ceos across the board are simply not spending money. they're not expanding. you're seeing capital expersondy turs. we could fall into a recession if, in fact, we fall off a cliff. most people don't think we will. we're really seeing no true signs of congress beyond a headline here, a headline there. >> as we've seen in this market time and began, what goes down always goes back up when it comes to wall street. even if we do see big drops leading up to a deal. >> absolutely. just today we spoke with a chief strategist this morning on bloomberg who said the stocks look cheap here. you should get ahead of the fiscal cliff, which we're not going to fall off and buy. this is a buying opportunity. but it's a buying opportunity if you're a long-term investor, not a trader. so if you're a day trader, a hedge fund investor, these are very difficult waters to navigate. but if you're a long-term investor -- remember, warren buffett is very bullish on u.s. stocks because he believes in company. this could be a buying opportunity because thin
of thinking, are we sure to go over the fiscal cliff? >>> defense companies are hoarding cash ahead of the fiscal cliff as well. could they be the next companies to reward shareholders with big, special dividends, or are they worried they'll need the cash because a bad storm is approaching courtesy of the fiscal cliff? back in a moment. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, tdd#: 1-800-345-2550 and get 6 months commission-free trades. tdd#: 1-800-345-2550 call 1-800-43
for areas to enter in o short position on lockheed martin. >> defense stocks because of the fiscal cliff. >> yes, but once that gets solved, i think you have a huge rally in early 2013. then you're left with the real facts, that we're massively accumulating debt. interest rates are artificially low at 0%. >> and we've known that. >> and we're counterfeiting money like crazy. that is not the way to build an economy. i mean, come on. how sustainable is this economy? really? >> we got it. you're right. >> did i make my point clear? >> you never know what he's thinking. >> it's the phoney recovery. it's built on an adjustable rate mortgage. an interest rate shock. when it comes out, it's going to wipe out the solvency of this nation. >> that may be the case. everything you say may be right, but the bottom line is i want to know what the stock market is going to do as a result. the fed is printing money. they're going to print more. if you think there's going to be qe-4, why wouldn't the stock market go up? >> because blowing up the amount of base money isn't enough to get the monetary aggreg
that national defense is very important, but i'm willing to say that not all money spent on the military is sacred. so i would compromise there. but i'm not willing to raise taxes when we're still spending $300,000 a year on robotic squirrels to watch rattlesnakes attack a robotic squirrel that doesn't wag its tail to see whether or not the rattlesnake will still attack the robot squirrel. $300,000. $2 million spent on how we can convince chinese prostitutes not to drink so much on the job. there is a huge amount of waste. >> i can hear the americans shaking their heads. let me ask you this, if you compromise on defense what about possib possibl possibly, senator paul, raising t the age. would you be on board with that? >> yes, i don't think we have to trade tax increases for entitlement reforms. we should fix entitlements because they're broken. >> shouldn't democrats and republicans give at the same time? i know democrats say, hey, we won the election, but let's be fair. >> the way i look at it is is entitlements are broken. it is not my fault. it is not democrats' fault. it is because
to fund a defense and not increase revenue. with the cliff that we're faced with, we're talking about maybe a 50% reduction in the defense department, and so, you have to talk about how you're going to pay for all of this. >>, and lastly, it was so interesting, we're talking about fiscal cliff. we're talking about an avalanche. we're talking about an austerity problem. this is very strong language, very scary words. >> yes. >> the american public is not going to accept anything short of some sort of a compromise. are those words sort of floated out there something to manage expectations, possibly? >> well, you know, the press has basically coined the fiscal cliff and promoted the idea of this catastrophic position that the congress finds itself in. i think that what the public is looking for is they're looking for reasonable, sensible legislators to talk about what is possible. they're looking for both sides to be willing to compromise. but one thing we know for sure, the president has a mandate. the people have spoken, and they have said they want everybody to pay their fair share of
defense under control and spend these wasteful wars have added trillions. that's one place. we're going to have to get the health care costs down and right now our health care costs are between 50% and 100% higher than in any other country. and so we have this great opportunity to reduce health care costs, but that requires pretty deep reform that we've ducked so far because that requires going after the private health insurance industry which has been reaping huge profits. so we have to get the health care costs down. that will save a lot on the budget. >> okay. thank you very much. and, rick, let's eat now. the food snob diet. >> i do actually think -- >> that should have been the cover. >> maybe that should have been the cover. >> give peas a chance. >> i'll consult with you guys the day before. >> that's nice. that's good stuff right there. >> i have to talk about it here. >> we'll be right back. >> have a great thanksgiving. you won't find a "home rule" on every corner, a "stag provisions" down every block, or a "hugh and crye" in every town. these are the small businesses of ameri
? some down payment. the second act is some clear indication of what to do with medicare and defense stocks. they have to give a clear indication otherwise there's going to be some kind of credit downgrades in the months going into 2013. how about the greek deal? i fell out of my chair. this is a default in all but name. look at this. an extension of the loans for 15 years. 15 years. $245 billion of loans. deferral of interest payments for ten years. deferred for ten years. and a reduction in interest rates. imagine this. you have a 30-year mortgage at 3%. now instead of a 30-year mortgage you have a 45-year mortgage. instead of 3% you're paying 2%. how about no interest payments for the next ten years on your 30-year mortgage? that's the deal the greeks just signed. it's staggering because what's happening here is don't call it a default. it's not a default. it's a restructuring. the fact is this is the first step on forgiveness of the debt. they're not officially forgiving any debt. don't say that. they'll freak out on you. the fact is that the next step from here is going out into
, put up some of the sector gainers and you'll see, housing, gold, cyclical, defense and there's the cbo golds index, too. this is all risk on trades here, so the market is giving a breather. i spent some time today calling around to traders saying when is going to be the cliff you're worried about. when are you going to stop selling rather than the buying that's been going on. here is the sense i got from people. number one, congress has got a two-week good will period. that seems to be the consensus of most of the traders. a for the next two weeks, her l essentially, congress can negotiate a deal. the markets are going to be nervous if there's no indication of a deal by the week of december 10th. that's about the cut off where most say if we don't see an indication, we're going to get nervous. not priced in at all is no deal. going over the fiscal cliff, that is not priced in at all into the markets and everyone says we'll see a big, steep drop off. what do they need? i asked traders, what's the down payment of the deal. there's three or four elements. this is the minimum we're going
know of or was discussed in the complaint. but your point is a good one. we don't know what the defense is here in terms of mr. martoma and his lawyer, do we? >> we don't. we have strong bullish language from charlie in favor of his client. we also have a fact that the feds have been trying for years to build a case against a higher up at s.a.c., probably cohen based on what we hear as of this week. so far it hasn't worked out. the other interesting tidbit from the other day, the journal reported there was a wiretap placed on one of steve cohen's phones sometimes around the time of this sale of this insider trading allegedly driven position. there was a two-week wiretap of cohen's phones. we don't know whether that wiretap was present when the key conversation was had with martoma or not. if you read the complaint, there's very little detail about that pivotal conversation. we really don't -- it's possible they're not showing their full hand them have more that we haven't seen. it's possible that they don't have a lot of case tying cohen to insider trading allegations. >> kate kelly, th
by the defense department responding to a freedom of information act washdog. a few days earlier that strike dog asked do i need any special religious ceremonial preparations. after bin laden's buried at sea, an admiral describes the scene. tradition traditional procedures for islamic burial was followed. the deceased body was washed then placed in a white sheet then a military officer read prepared religious remarks which were translated into arabic. tipped up whereupon the deceased body slid into the sea. according to e-mails, there aren't many witnesses. in response to the question, any sailors watch the burial, burial, no sailors watched. and another says only a small group of the leadership was informed. less than a dozen total. and another indication of the secrecy of that part of the mission, an e-mail from a top admiral to joint chiefs chairman michael mullen, the paucity of documentary evidence in our possession is a reflection of the emphasis placed upon operational security. later on may 2nd, the deputy commander of that fleet tells the commander of his carrier group "thank you and yo
. and international, so the fiscal cliff and everybody talks about the dra coneon armageddon with defense contractors that's not us. our government is state, local, homeland security. >> do you expect google to make handsets five years from now? >> very, very tough business. mobility lost 530 million last quarter. i think it's a tough road. there's room for apple and samsung and maybe one other player. tough. i'm glad we got out of the business and are focused on what we're doing. last point on fiscal cliff, it's not about ideology and not about -- >> oh yes it is. >> it's about making a deal, not a point. i'm optimistic we can do it. >> you should get into the censor business. >> thank you for being here. we really appreciate it. >>> coming up, crunch time for retailer, we'll get a cyber monday report from power retailers. d to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-c
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